Published: May 26, 2011
Investor to merge Polish pet product retailer with Kakadu.
ARX Equity Partners, a Central and Eastern Europe-focused private equity firm, has bought a controlling stake in Telekarma, a Polish online pet products retailer, for an undisclosed sum.
The deal is part of the firm’s plan to expand its presence in the Polish pet market.
ARX will merge Telekarma with Kakadu, its existing pet products retail chain in Poland. It bought the company two years ago and has since expanded its number of outlets to 34 from 25 and plans to open a further five by the end of the year.
Jacek Korpala, ARX’s co-managing partner, said merging these two businesses will enable further growth in the market.